Wages in Cyprus increased to 2222 EUR/Month in the fourth quarter of 2018 from 1824 EUR/Month in the third quarter of 2018. Wages in Cyprus averaged 1802.59 EUR/Month from 2003 until 2018, reaching an all time high of 2296 EUR/Month in the fourth quarter of 2012 and a record low of 1360 EUR/Month in the first quarter of 2003.

Wages in Cyprus is expected to be 1886.60 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Cyprus to stand at 1869.02 in 12 months time. In the long-term, the Cyprus Average Monthly Earnings of Employees is projected to trend around 1961.72 EUR/Month in 2020, according to our econometric models.

Cyprus Average Monthly Earnings of Employees
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Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.50 6.80 16.80 3.00 percent [+]
Employed Persons 400.80 379.60 400.80 135.00 Thousand [+]
Unemployed Persons 39252.00 33383.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.40 2.50 7.80 0.40 percent [+]
Youth Unemployment Rate 16.70 16.70 40.50 7.80 percent [+]
Labour Costs 90.64 103.32 116.33 58.87 Index Points [+]
Job Vacancies 10635.00 10130.00 16194.00 2137.00 [+]
Wages 2222.00 1824.00 2296.00 1360.00 EUR/Month [+]
Population 0.86 0.85 0.87 0.50 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Labor Force Participation Rate 63.20 62.50 64.70 55.50 percent [+]
Part Time Employment 40.20 38.60 50.00 15.80 Thousand [+]
Productivity 105.50 106.50 109.70 75.90 Index Points [+]
Wage Growth 2.50 2.70 7.10 -3.40 percent [+]
Employment Change 0.80 0.90 1.70 -2.50 percent [+]
Employment Rate 69.10 69.20 71.50 60.90 percent [+]
Full Time Employment 354.90 356.80 356.80 257.80 Thousand [+]


Cyprus Average Monthly Earnings of Employees

In Cyprus, wages are benchmarked using nominal salaries. This page provides the latest reported value for - Cyprus Average Monthly Earnings of Employees - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cyprus Average Monthly Earnings of Employees - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2222.00 1824.00 2296.00 1360.00 2003 - 2018 EUR/Month Quarterly
NSA




Country Last Previous
Argentina 41359.00 Mar/19
Australia 1225.30 Dec/18
Brazil 2289.00 May/19
Canada 25.75 Apr/19
China 82461.00 Dec/18
France 2988.00 Dec/16
Germany 3932.00 Mar/19
India 272.19 Dec/14
Italy 2434.00 Dec/17
Japan 313061.00 May/19
Mexico 377.49 May/19
Russia 48510.00 May/19
Singapore 6005.00 Mar/19
South Africa 20855.00 Mar/19
South Korea 4021244.00 Mar/19
Spain 1876.19 Mar/19
Switzerland 6291.00 Dec/18
United Kingdom 532.00 Apr/19
United States 23.43 Jun/19


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